Independent fund and corporate services provider, the Aztec Group, has supported with the closing of Basalt III, which raised $2.75 billion to invest in infrastructure equity opportunities.
Aztec Group, which has been a trusted partner of Basalt Infrastructure Partners since 2016, supported with the closing of Basalt III and will continue to provide ongoing administration and accounting services to the Fund from its Guernsey, Luxembourg and UK offices. Specialising in alternative investments, the Group employs more than 1,000 people globally and administers over €370 billion of assets for more than 240 clients.
Chris McErlane, Aztec Group Head of Real Assets – Guernsey, said: “To raise a fund that exceeds its target in the current global climate is a real achievement and evidences investors’ confidence in Basalt’s approach to mid-market infrastructure investing and focus on bilateral deal sourcing. We’re delighted to continue supporting Basalt with the administration of its funds and build on our strong partnership.”
The fund will focus on opportunities in the utilities, power, transport, and digital communications sectors across North America and Europe.